Coinbase Opens NFT Marketplace to All

Coinbase Opens NFT Marketplace to All

Crypto exchange Coinbase announced Wednesday it has opened the beta version of its non-fungible token (NFT) marketplace to the public.

The exchange unveiled the marketplace to a small group of invited users at the end of April, nearly seven months after announcing its launch in October 2021.

The marketplace saw just 900 transactions and 73 ETH (around $210,000) of sales volume in the debut week of its beta, though Coinbase did not say how many users had been granted access to the platform.

Coinbase NFT will look to take a chunk of market share from the NFT marketplace kingpin OpenSea, debuting with zero-transaction fees for a limited time, the company’s vice president of product Sanchan Saxena said last month in a press briefing.

The company says it plans to grow its user base in-part with a series of NFT collection partnerships tying back to the platform, one of which is a Bored Ape Yacht Club film trilogy to debut at NFT.NYC in June.

Read more: Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy

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